Action is in conjunction with the sale of the company’s intellectual property to Skynet Technology announced on July 12
ALTAMONTE SPRINGS, FL, July 25, 2013 - (eTeligis via ACCESSWIRE) - Vidaroo (OTC Pink: VIDA) today announced that in conjunction with the sale of its intellectual property to Skynet Technology Group (www.mahala.us) announced on July 12, the company's on-demand online video platform software as a service will be temporarily offline until Skynet completes the integration with its Mahala S-QR(TM) payment services application.
"We collectively made a strategic decision to re-launch Vidaroo's online video platform upon its full integration with Mahala's payment services application thereby allowing us to target our efforts on the collective offering," stated Tom Moreland, Vidaroo's Chairman and CEO and Sonny Fisher, CEO of Skynet Technology Group.
About Vidaroo (OTC Pink: VIDA)
Vidaroo, Inc., (www.vidaroo.com) based in Altamonte Springs, FL, has entered into an intellectual property acquisition with agreement with Skynet Technology Group, Inc. to sell the intellectual property supporting its online video platform. For more information, contact Vidaroo by calling (321)293-3360.
About Skynet Technology Group
Skynet Technology Group, Inc. is a privately held company specializing, through its Mahala application, in secure mobile payment solutions. Mahala was designed for merchants, content producers, non-profits and literally anyone who wants to accept electronic transactions without the need for card readers or transaction fees. Consumers simply scan Mahala's secure QR codes with their phones to complete transactions. The patent-pending S-QR technology enables payments without forcing consumers to go to a secondary site to pay. Retail technology expert Sonny Fisher, one of the youngest CEOs to list a company on the South African stock exchange, formed Mahala in Atlanta in 2012. For more information, visit www.mahala.us.
Some of the above statements may be 'forward-looking' statements as defined by section 27A(c)(1)(A)(i) of the Securities Act of 1933. See http://vidaroo.com/about/investors/conduct for a full safe harbor disclosure statement.
Ray Wyman Jr